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cash flow statement IFRS vs. Us GAAP

ASC 230 and IAS 7 are provided guidelines for the preparation of cash flow statement prescribed by US GAAP and IFRS, respectively.

reversing entries in accounting

Reversing entries in accounting records at the beginning of an accounting period to cancel out or reverse the effects of adjusting entries of preceding accounting period.

break-even analysis

At the point where total revenues and total cost becomes equal, this phenomenon is known as Break-even analysis.

Ratio Analysis in Accounting

Ratio Analysis is broadly categorized into four main types; Liquidity Ratios, Activity Ratios, Profitability Ratios, & Leverage Ratios.

Non cash transactions

A business transaction (selling or buying a thing) that does not involve cash is called non-cash transaction.

prepare balance sheet

The most crucial thing is to balance it when we are talking about how to prepare a balance sheet. No, […]

DOWNLOAD THE INCOME STATEMENT TEMPLATE

You know you can prepare your income statement in just a click. In AD’s income statement template, you just have to put your figures and you will get your income statement in a minute.

Current ratio featured image

The current ratio of a company identifies the ability of a company to pay its short-term financial obligations.

how to prepare an income statement

Preparing an income statement requires 8 steps: Calculate Net Sales, Calculate COGS, Calculate Gross Profit, Calculate Operating Expenses, Calculate Operating Income, Calculate EBIT, Calculate EBT and Calculate Net Income.

Online accounting degrees

There are many international universities offering online accounting degrees. Such as University of Canada West, International University of Applied Sciences, and SOAS University of London.

Best accounting software

Best Accounting Software for small businesses: FreshBooks, QuickBooks, Zoho books, Sage Business Cloud Accounting, Xero, and AccountEdge Pro.

Accounting degrees

Studying any of accounting degrees opens many doors for you to the best future. As you have a huge range of different interconnected careers.

account receivable turnover ratio formula
𝐈𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐑𝐞𝐜𝐞𝐢𝐯𝐚𝐛𝐥𝐞 𝐚𝐧 𝐀𝐬𝐬𝐞𝐭 𝐎𝐫 𝐀 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲?

Account receivable is classified as an asset because it is the amount that the company will receive on behalf of the services that it has provided.

𝗔𝗰𝗰𝗿𝘂𝗲𝗱 𝗥𝗲𝘃𝗲𝗻𝘂𝗲: is it an actual revenue?

When a company provides its services or delivers its goods before the payment is received is called accrued revenue.

Cash Flow Statement Template

Get Free Access to AD's easy to use excel template of cash flow statement

Cash Flow Statement Template by Accounting Drive
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